EU Increases Pressure on U.S.
To Halt Exporter Tax Breaks

The European Commission released a list of billions of dollars of U.S. goods it might target with high tariffs, gently increasing the pressure on the U.S. to repeal tax breaks for its exporters.

The release of the list is an attempt to get the affected U.S. companies to push for repeal of the tax breaks, known as Foreign Sales Corporations, which help mostly big U.S. exporters such as Microsoft Corp. and Boeing Co. The WTO has condemned the tax breaks as an unfair subsidy, and a WTO arbitration panel this month authorized...